The fraction 46/74 is equal to 62.16% when converted to a percentage and rounded to two decimal places. This means that 46 out of 74 parts represent about 62% of the whole. It's a bit more than half, but not quite two-thirds.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 46 out of 74 students in a class passed a test, you could say that 62.16% of the class succeeded. Or if a sports team won 46 games out of a 74-game season, their winning percentage would be 62.16%. This percentage gives a quick and easy way to understand the proportion or ratio that 46/74 represents.